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Halo Collective Inc (OTCMKTS: HCANF) New Order of 45,000 finished one gram 510 Thread Vape Cartridges To Strengthen Order Book

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Halo Collective Inc (OTCMKTS: HCANF), an integrated cannabis company, announced that they had received a large order from Papa’s Herb brand to strengthen Papa’s presence in the California market.

Strengthen order book visibility: Halo collective recently announced that its subsidiary (Mendocino Distribution and Transportation LLC (“MDT”)) had been awarded a White Labeling Cartridge Filling and Packing Contract by Papa Herb. The contract or award is to manufacture THC vape cartridges for distribution and sale under the Papa’s Herb brand. As per the company, Papa’s holds a firm foot in California by providing high-quality products at affordable prices. As per the management, the initial order is for 45,000 finished one gram 510 thread vape cartridges packaged, which is expected to get completed or delivered in August 2021. The agreement with Papa is expected to add phenomenal volume to Halo’s and expect a sharp improvement in the revenue contribution from the California market.

Papa’s Herb is a strong brand in California: Papa’s herb brand has a solid foothold in the California market. In 2021, Papa’s Herb reported over 100% growth in the THC vape segment, while its competitors have lost their market share. With the receipt of the order from Papa Herb, MDT, a subsidiary of Halo, is entirely responsible and will act as a licensed distributor of cannabis products in the California market. In addition, Halo is expected to leverage its seven manufacturing facilities in Cathedral City to produce high potency distillate for the Papas Herb.

Halo has made significant inroads in the California market in the past few years by delivering a high-quality product. As per the industry, the company is one of the few large providers of THC Vape Cartridges in California. Further, the industry believes that Halo strategically fits Papa’s Herb brand for growing its supply chain requirements. Therefore, it is believed that Halo and Papa’s joining hands are expected to focus more on individual requirements and strengthening Papa’s product portfolio. Moreover, the agreement is expected to result in higher revenue for both companies in California. Further, it also increases the visibility of order book strengthening, which bodes well for Halos’ profitability.

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